Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria’s equities market surged by N3.44 trillion or 4.31% in the trading week ended Friday, July 18, 2025, as investors poured more funds into industrial, banking, and consumer goods stocks.
The rally came despite declines in the insurance and oil & gas sectors.
Source: Getty Images
The NGX All-Share Index rose from 126,149.59 to 131,585.21 points, while market capitalisation increased from N79.803 trillion to N83.241 trillion.
The NGX Industrial Index led sectoral performance with a 19.17% gain, followed by the Banking Index (+5.36%) and Consumer Goods Index (+1.34%), while the Insurance and Oil & Gas indices fell by 3.65% and 0.76%, respectively.
Investors responded to expectations of a possible rate cut at the upcoming MPC meeting, easing inflation, FX market stability, and half-year earnings anticipation.
Here is a snapshot of the market on Friday
On Friday, a total of 1.73 billion shares were exchanged in 15,927 deals, valued at N43.39 billion.
Source: Facebook
Top 5 trades by volume:
- Chams Plc traded 92,621,348 shares valued at N293.87 million.
- Zenith Bank Plc posted 50,704,817 shares, with a total value of N3.66 billion.
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Source: Legit.ng
